Taxes

• Tax Planning
  While we aren’t accountants by trade, we have a deep understanding of how taxes impact you and work closely with tax advisers to offer you expert guidance. The tax impacts we watch most closely in tax planning help us answer these questions...
• Estate Taxes
• Tax Services
• Roth IRA
  At age 50, workers in certain qualified retirement plans can begin making annual catch-up contributions in addition to their normal contributions. Those who participate in 401(k), 403(b), and 457 plans can contribute an additional $8,000 per year in 2024. Those who participate in Simple Individual Retirement Account (IRA) or Simple 401(k) plans can make a catch-up contribution of up to $3,500 in 2024. And those who participate in traditional or Roth IRAs can set aside an additional $1,000 a year.1,2
• Tax Deductions
  While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the five most overlooked opportunities to manage your tax bill.
• Income Tax
  Low- and middle-income earners might qualify for valuable tax credits like the Earned Income Tax Credit (EITC). This refundable credit can significantly reduce your tax bill or even result in a refund. Research the IRS website to see if you qualify for this and other potential tax credits.
• Tax Deferral
  Right out of college, she began teaching English at Highland High School in Pocatello, Idaho before moving to California where she taught English for 17 years in the Lompoc Unified School District. Pat understood the time value of money, the value of tax deferral, and the magic of compounding interest, so when the 403(b) savings program for educators became available, Pat’s investment knowledge made it easy for her to set up and maintain this retirement account. However, her coworkers struggled to understand the program and sought her advice.
• Capital Gains Taxes

Investment

• Investment Management
  Client fees are always disclosed with absolute transparency. An investment management fee is withdrawn quarterly from the client’s custodial account. A bill is sent to the client every time a withdrawal takes place. The billing notice will provide the account value, deduction amount, and calculation method.
• Mutual Funds
  The Global Core Allocation strategy seeks to manage risk through strategic allocations to a diversified group of equity, fixed income, and alternative exchange traded funds (ETFs) and mutual funds. The portfolio’s allocation is driven by the client’s time horizon, age and attitude toward risk. This portfolio tends to have lower internal expenses and trading costs through the use of ETFs and index like funds.
• Bonds
• Wealth Management
  The advisors at American Wealth Management in Reno will help you strengthen your financial health so you can obtain the life experiences that mean the most to you. We will help you set and achieve your lifelong financial goals through a customized strategy that reflects who you are, what you value, and, ultimately, gives you the financial freedom to live your way.

Accounting

• Accounting Services
• Payroll Services

Planning

• Financial Planning
  Estate planning may not be the first thing on everyone’s mind, but it’s a big part of responsible financial planning. Estate planning isn’t just about safeguarding your wealth; it’s about making sure your wishes are carried out and your loved ones are protected in the future.
• Retirement Planning
• Annuities
  Like a credit card company that takes a small cut every time you swipe, some wealth managers earn a commission every time you buy or trade investments based on their recommendation. Those investments can include mutual funds, stocks, annuities, life insurance, and so on.
• Long Term Care
  Long-Term Care Long-term care insurance pays a set dollar amount per day for an agreed upon period of time to people with chronic disabilities who are no longer able to carry out Activities of Daily Living (ADLs). The money can be used for a range of situations, such as nursing home care, assisted living, in-home care, and adult day care.
• Asset Management
  Financial acumen: CFPs® and Wealth Managers possess in-depth knowledge of investment strategies, tax implications, and asset allocation, enabling them to recommend structures that optimize your estate’s value and minimize tax burdens.